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Progress on Fast Payments for All: An Update on FedNow (federalreserve.gov)
11 points by carride on Aug 30, 2022 | hide | past | favorite | 1 comment


“There is no ‘one size fits all’ approach to instant payments, and flexibility surrounding implementation and adoption is a critical component of the FedNow Service,” said Nick Stanescu, senior vice president and business executive of the FedNow Service.

“We are committed to collaborating with the industry to develop an ecosystem that will support the end-to-end instant payments experience, and the showcase suggests we’re off to a good start.”

Yikes.

Point goes to cryptocurrency, and I'm biased towards a solution like this.




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